Konzum increases its share in 4iG

Initiatives

4iG

Following a failed attempt earlier this month by listed holding Opus Global to acquire a majority in IT company 4iG, two of the owners of 4iG said that they have sold their shares, partially or in full. The buyer was not specified, although a separate announcement says Konzum Investment Fund Management has upped its share.

According to a notification published on the website of the Budapest Stock Exchange (BÉT), inside individuals sold significant amounts of shares in 4iG, business news portal vg.hu reported.

Zsolt Béla Tóth, a member of the board, sold 19,700 shares in the company, while HSB, a company in which Tóth has a one-third share of ownership, sold a further 30,300 4iG shares in a transaction outside the stock exchange. Another shareholder of 4iG, István Fehér, sold all his 109,930 shares, representing a 5.85% stake in the company.

While the buyer has not been disclosed, another announcement posted on the BÉT website said that Konzum Investment Fund Management has increased its shares in 4iG from 427,745 to 661,405, raising its share in the company to 35.18%.

4iG is listed in the Equities Standard section of the BÉT, while both Opus Global and Konzum are listed in the Equities Prime section.

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